📋 Tender Overview
Project Number: 47463
Company Name: MICROCREDIT DEPOZIT ORGANIZATION HUMO CJSC
Date SPI Disclosed: Feb 27, 2024
Country: Tajikistan
Region: Central Asia and Turkiye
Projected Board Date: Feb 15, 2024
Environmental Category: FI-3
Status: Pending Signing
Department: Regional Industry FIG MCT
Industry: Financial Institutions
Sector: Microfinance and Small Business - Non Commercial Banking
Additional Project Attributes: Blended Finance
Project Description
The proposed project consists of a 3-year senior unsecured loan of up to US$3 million denominated in Tajik Somoni (TJS or LCY) to a leading microfinance deposit taking institution in Tajikistan, CJSC MDO Humo ( Humo or the Company ), an existing IFC client in good standing. The Project will be processed under the Base of Pyramid (BOP) Platform and benefit from the IDA-PSW Blended Finance Facility and IDA-PSW Local Currency Facility ( LCF ) support. Proceeds will be equally allocated to finance (i) micro housing projects (including acquisition of houses/apartments, renovation, upgrading, modernization or incremental building of an existing dwelling), (ii) self-employed women and women-owned micro and small enterprises (WMSEs), and (iii) individuals in rural areas and Micro and Small Enterprises (MSEs).
To date, US$825.5 million has been committed from the US$1 billion BOP Platform envelope leaving US$174.5 million in available headroom to support the proposed project. All investments under the BOP Platform are performing, and no first loss has been paid out.
Financing Sources:
2) World Bank (WB)
1818 H Street, NW Washington,
DC 20433 USA
Tel : (202) 473-1000
https://www.worldbank.org/
